A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 39.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,720 shares of the company’s stock after selling 21,596 shares during the period. BNP Paribas Financial Markets owned approximately 0.15% of A-Mark Precious Metals worth $1,489,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its holdings in shares of A-Mark Precious Metals by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock valued at $614,000 after purchasing an additional 391 shares in the last quarter. Bard Associates Inc. boosted its stake in shares of A-Mark Precious Metals by 0.4% during the third quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock valued at $4,125,000 after acquiring an additional 396 shares during the last quarter. Quarry LP increased its position in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of A-Mark Precious Metals by 5.0% during the third quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock worth $744,000 after buying an additional 804 shares in the last quarter. Finally, Riverwater Partners LLC grew its stake in A-Mark Precious Metals by 10.6% in the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after acquiring an additional 881 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

A-Mark Precious Metals stock opened at $28.75 on Monday. The company has a market cap of $666.54 million, a PE ratio of 12.23 and a beta of -0.06. A-Mark Precious Metals, Inc. has a 12 month low of $24.22 and a 12 month high of $47.39. The company has a fifty day moving average price of $36.26 and a two-hundred day moving average price of $36.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

Insider Transactions at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. The trade was a 43.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares in the company, valued at $12,666,765.50. This represents a 3.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AMRK. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. DA Davidson reduced their price objective on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.33.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.